Wikipedia RFC to stop accepting cryptocurrencies passes by majority vote
meta.wikimedia.org
Wikipedia RFC to stop accepting cryptocurrencies passes by majority vote
1–10 of 401 posts
Re: Wikipedia RFC to stop accepting cryptocurrencies passes by majority vote
#2This is great news, it is pretty pointless to use cryptocurrencies at all anyway since for Wikipedia:
> Crypto was around 0.08% of our revenue last year, and it remains one of our smallest revenue channels.
Remember that Wikipedia is one of the top 10 websites on the planet, I'm also assuming that other websites trying to accept crypto have even smaller percentages rendering cryptocurrencies as payment useless, not to mention damaging to the environment.
What is really happening is that nobody is using it for payments at all, rather just holding crypto coins and hoping they'll go up and speculating on the price.
Re: Wikipedia RFC to stop accepting cryptocurrencies passes by majority vote
#3It's Wikipedia's loss. If they had actually took bitcoin donations since they added it in 2014 they would have appreciated quite a bit.
Re: Wikipedia RFC to stop accepting cryptocurrencies passes by majority vote
#4It's Wikipedia's loss. If they had actually took bitcoin donations since they added it in 2014 they would have appreciated quite a bit.
appreciation would've be meaningless if they'd been spending it for operations (as is their wont).
Re: Wikipedia RFC to stop accepting cryptocurrencies passes by majority vote
#5Am I reading correctly that this is all cryptocurrencies, not just PoW? That's slightly surprising, although it probably simplifies things.
Re: Wikipedia RFC to stop accepting cryptocurrencies passes by majority vote
#6It's Wikipedia's loss. If they had actually took bitcoin donations since they added it in 2014 they would have appreciated quite a bit.
I don’t know about Wikipedia, but many none for profit organization have strict guidelines about investment.they usually can either spend the money on operation, capex, or if they have to keep some reserve they need to use very safe investment like government bonds.
Saying that most likely Wikipedia has to convert the bitcoin to cash before the end of the year. They cannot keep crypto as reserve or investment
Re: Wikipedia RFC to stop accepting cryptocurrencies passes by majority vote
#7This is great news, it is pretty pointless to use cryptocurrencies at all anyway since for Wikipedia: > Crypto was around 0.08% of our revenue last year, and it remains one of our smallest revenue channels. Remember that Wikipedia is one of the top 10 websites on the planet, I'm also assuming that other websites trying to accept crypto have even smaller percentages rendering cryptocurrencies as payment useless, not t…
But what if Wikpedia donor pool also is made up mostly of those who do not wish to use cryptos to donate?
Re: Wikipedia RFC to stop accepting cryptocurrencies passes by majority vote
#8This is great news, it is pretty pointless to use cryptocurrencies at all anyway since for Wikipedia: > Crypto was around 0.08% of our revenue last year, and it remains one of our smallest revenue channels. Remember that Wikipedia is one of the top 10 websites on the planet, I'm also assuming that other websites trying to accept crypto have even smaller percentages rendering cryptocurrencies as payment useless, not t…
There just isn't the incentive to use cryptocurrency to donate to Wikipedia. For some other kinds of payments, such as gambling payments, cryptocurrency is a popular option.
Re: Wikipedia RFC to stop accepting cryptocurrencies passes by majority vote
#9So they excluded all the new accounts and unregistered voters, and only got 70% of the vote for reasons that are all solved with education.
Thats… medieval.
Re: Wikipedia RFC to stop accepting cryptocurrencies passes by majority vote
#10It's Wikipedia's loss. If they had actually took bitcoin donations since they added it in 2014 they would have appreciated quite a bit.
I don’t know about Wikipedia, but many none for profit organization have strict guidelines about investment.they usually can either spend the money on operation, capex, or if they have to keep some reserve they need to use very safe investment like government bonds. Saying that most likely Wikipedia has to convert the bitcoin to cash before the end of the year. They cannot keep crypto as reserve or investment
The law is alot more flexible.
I’m in the non profit space. There isnt a single thing they would have had to do with crypto donated to them. So yeah they could have ridden it up.
Even investing rules and guidelines from the state and fed exempt donated assets from them completely.
Non profits just lack an incentive to learn how to do anything well, and are often staffed by people that have never had to consider market forces.